Saudi aramco salary

By Dinesh Nair, Archana Narayanan and Matthew Martin Saudi Arabia is restarting preparations for a potential initial public offering of oil giant Aramco, months after putting the planned listing on hold, people familiar with the matter said. Aramco, the world’s most profitable company, recently held talks with a select group of investment banks to discuss potential roles on the offering, according to the people. Detailed work on the IPO may pick up speed later this year or early next year, the people said, asking not to be identified because the information is private. The revived IPO plan will still face significant hurdles, including the ability of kingdom to achieve the $2 trillion valuation it’s been seeking for the company. Demand for the share sale would also likely be affected by lower oil prices as well as growing concerns among top institutional investors about pouring money into fossil-fuel companies that contribute to climate change. Saudi Crown Prince … [Read more...] about Saudi Aramco to restart preparations for its ‘$100 billion’ IPO

The oil-to-telecom conglomerate, led by Mukesh Ambani, reported a net profit of Rs 11,640 crore, or Rs 18.4 per share, in October-December, up from Rs 10,251 crore, or Rs 17.3 a share, in the same period of the previous financial year, the company said in a statement. … [Read more...] about Reliance Jio posts standalone profit of Rs 1,350 cr in Q3 2019 with a subscriber base of 370 mn

 Mukesh Ambani, CMD, RIL, said, “The third quarter results for our energy business reflects the weak global economic environment and volatility in energy markets. Within our O2C chain, downstream petrochemicals profitability was impacted by weak margins across products with subdued demand in well-supplied markets. Refining segment performance improved in a difficult operating environment given our continuous focus on cost positions, high operating rates and product placement.” … [Read more...] about RIL consolidated profit rises 13.5% to record ₹11,640 cr in Q3